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June 26, 2023
A quick look at Friday: iShares MSCI USA Value Factor ETF slid into the red after losing 76 cents and ending the session at $91.16.
Despite being in the red so far in the current trading session, iShares MSCI USA Value Factor ETF peaked above its 21 day Simple Moving Average around $91.04 — typically an early indicator of a new bullish trend beginning to emerge. IShares MSCI USA Value Factor ETF could begin to recover as it approaches significant support, now 34 cents away from $90.82. Dipping below could be an indication that further losses are ahead.
Overall, looking at the technical analysis landscape, it seems iShares MSCI USA Value Factor ETF —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
In the meantime, negative performances are also seen in other markets, Toyota is down to $153.38, losing $3.73, after ending the previous session around $157.11. After ending Friday's session at $307.25, Accenture plc Class A (Ireland) lost $8.82 and is trading around $298.43. Astrazeneca PLC falls 2.47% Friday and closed at $73.95.
In addition, United States Consumer Confidence is projected to outperform its last figure with 104. It previously stood at 102.3; data will be released tomorrow at 14:00 UTC.
Furthermore, United States Building Permits scheduled to come out tomorrow at 12:00 UTC. United States New Home Sales (May) will be released tomorrow at 14:00 UTC.
IShares MSCI USA Value Factor ETF has fallen back around 7.66% from the significant high of $99.54 set 4 months ago.
